Corvus Gold — Investor Presentation (May 2012)
24 slides from Corvus Gold's investor presentation, May 24, 2012
Slide 1: Developing Nevada's Next Gold Mine
Developing Nevada’s Next Gold Mine 1
Slide 2: Forward-looking statements
This presentation contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without lim
Slide 3: Management and Directors
Jeff Pontius - CEO/Director Rowland Perkins - Chairman +35 year career includes: North American Exploration Manager for Mr. Perkins has been the President and a director of eBackup AngloGold Ashanti; and Project Manager for NERCO Mineral Co. Inc., and is also a director of USA Video Interactive Corp
Slide 4: Corvus Gold's primary focus is the North Bullfrog project
Corvus Gold’s primary focus is on the North Bullfrog project in Nevada. The project offers a unique opportunity to the company in the form of a new gold discovery in a highly favorable mining jurisdiction. A recently published Initial PEA shows a robust positive economic analysis for a conceptual lo
Slide 5: North Bullfrog project, Nevada
• 100% Corvus project covering 43 km², located 10 km north of Barrick Gold’s historical Bullfrog Mine* which produced 2.4 Moz of gold. Nevada Gold Deposits • Project has excellent infrastructure for mine development potential. • Gold first discovered in 1904 with early historic production of 112,000
Slide 6: North Bullfrog geology and deposit setting
Sierra Blanca Cross Section Crater (Next Slide) Flat Yellow Jacket Tuff • Deposit primarily hosted in volcanic flow unit known as the Crater Flat Tuff. Sierra Blanca • Oxidized mineralization amenable to a low-cost heap leach recovery. Savage Valley Jolly Jane • Oxidation commonly to depths of 150 t
Slide 7: Sierra Blanca Savage Valley
Sierra Blanca Savage Valley 7
Slide 8: Indicated and Inferred In-Pit Resources and column tests
Summary of Indicated and Inferred In-Pit Resources at North Bullfrog based on Initial PEA Au Grade Contained Class Oxide State Tonnes >Cutoff (g/t) Ounces >Cutoff Gold Indicated Oxidized 19,500,000 0.32 199,000 Inferred Oxidized 123,300,000 0.23 890,000 Total 142,800,000 0.26 1,089,000 All Values in
Slide 9: Initial PEA economics and gold price sensitivity
PEA Initial Capital Estimate– North Bullfrog Heap Leach Project Capital Area Estimated Capital Cost (USD $M) • PEA shows considerable leverage Direct Capital Cost $ 42.2 to gold prices with an NPV (5%) of Indirect Costs $ 9.1 $338M , 69.7% IRR and 1.2 year Owner’s Cost $ 5.0 payback at $1,700/oz gol
Slide 10: Mining and Production Plan
Initial 3 years 70,000 ozs gold/year Cash Costs of $673/oz Total $68.8M Capex Average recovery of 77% 0.3-1 Strip Ratio (waste to ore) Mining and Production Plan • 44,000 t/d total mining rate (average strip of 0.41-1) • Crush to 3/4” - heap leach (31,000 t/d to the pad) • 13 year mine lif
Slide 11: Alternative Development Plan: Mayflower deposit
Sierra Blanca Alternative Development Plan Jolly Jane • Mayflower deposit and surrounding development area on patented claims, mining permitted through State of Nevada, potential for early gold production (late 2014/early 2015). • First phase Mayflower development Proposed Heap Capex could be ~$28M,
Slide 12: Major new gold discovery at North Bullfrog
YellowJacket Step out Major new gold discovery at North Bullfrog covering holes Step out several km2 - some results include: holes • 80.8m @ 0.58 g/t gold drilled at Main Sierra Blanca (hole NB 11-91) • 68.0m @ 0.51 g/t gold drilled at South Sierra Blanca (hole NB 11-81) Phase 1 2012 resource expans
Slide 13: Yellow Jacket high-grade gold-silver discovery
Yellow Jacket is a new high-grade gold-silver vein system discovery within a major N-S trending structurally controlled feeder zone to the main bulk tonnage deposits. Previous drill results showed significant high-grade gold and silver mineralization including initial discovery hole NB 10-63 with 6.
Slide 14: Exploration projects in North America
Corvus Gold has a number of highly prospective exploration projects in North America Corvus leverages its proven exploration expertise through a mix of internal and partner-funded programs 14
Slide 15: Quebec project, Cape Smith Belt
Step out • Property covering over 21 km2 located within holes the Cape Smith Belt of northern Quebec, Canada. • Project targets major shear zones which has focused gold mineralization within favorable host units. • Corvus earning a 60% interest in project by spending $565,000 by 2016 with option to
Slide 16: Magnetic feature and gold sampling
Step out holes • Prominent 12 kilometre long magnetic feature. • Surface rock samples with anomalous gold over a strike length of 5.6 kilometres in sparse Mayflower outcrops due to a thin veneer of glacial till cover. • Falconbridge drilled 2 holes totaling 320 metres in 1996 (gold ~$350/oz ) as par
Slide 17: Western Alaska high-grade gold-silver district
• Large 130 km2 land package covering an Step out emerging new high-grade gold-silver vein holes district in Western Alaska. • JV partner earning 51% interest by spending $6M before the end of 2013 or an additional $3.05M over the same period to earn an 80% interest in project. • Corvus entitled to
Slide 18: Chisna project, Alaska porphyry belt
• Newly discovered Gold and Copper- Gold Porphyry Belt with land package Fairbanks covering 950 km2. • Numerous porphyry-related gold and Mid-Cretaceous copper-gold targets defined from first Alaskan Porphyry Chisna Project Belt pass exploration and drilling. • Targets bordering major all-weather pa
Slide 19: Alaska project south of Pogo Mine
• Project area covers 61 km2 40 km south of Pogo Gold Mine - Alaska’s largest gold mine. • Along Pogo Mine winter road with good access to infrastructure. • Project targets stacked high- grade gold veins related to large shear zone structural system. • 2011 Winter drilling program returned both thic
Slide 20: Alaska project west of Pogo Mine
• Property covering over 24 km2 located 5 km west of the Pogo gold mine. • Exploration targeting high-grade gold veins similar to those being mined at the Pogo Mine to the west (Sumitomo Metals Co)*. • Completed geophysics, mapping and surface sampling funded by former partner. • Work defined a kilo
Slide 21: Capitalization and major shareholders
TSX: KOR OTCQX: CORVF (as of May 24, 2012) Issued & Outstanding Shares 49,910,261 Shares Fully Diluted 54,235,261 Cash (May 22, 2012 - including recent financing) C~$8.0 Million Market Capitalization C$46.9 Million Major Shareholders Shares Held % Tocqueville Asset Management LP 7,079,431 14.2 Anglo
Slide 22: Year to Date Performance
Year to Date Performance: TSX: -3.3% TSX-V: -13.6% HUI: -14.8% Gold: -0.5% KOR: +66.1% * Past performance is not indicative of future performance 22 22
Slide 23: Investment highlights
New Gold Discovery: North Bullfrog (100% KOR) is emerging as a large, new Nevada gold discovery with potential for rapid, low cost mine development . Near-Term Production: Terra (partner funded) offers near-term production & cash flow in 2012 that can be augmented by North Bullfrog production in
Slide 24: Corvus Gold Inc. contact
CORVUS GOLD INC. Vancouver Office: U.S. Office: 1177 West Hastings St., Suite 2300 9137 S. Ridgeline Blvd., Suite 250 Vancouver, British Columbia Highlands Ranch, CO Canada V6E 2K3 USA 80129 Telephone: (604)-638-3246 Telephone: (303)-470-8700 For More Information: Ryan Ko Investor Relations Email: i